PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1427050
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1427050
Unveiling Opportunities, Challenges, and Country-wise Insights
The global primary hepatocytes market is poised for significant growth, projected to reach a value of US$ 410 Mn by 2031, with an estimated Compound Annual Growth Rate (CAGR) of 8.0% over the next decade. This promising trajectory reflects the increasing demand for primary hepatocytes, driven by their crucial role in drug development, testing, and the development of new cancer treatments.
The routine adoption of hepatocytes for analyzing potential medication candidates accelerates the development of novel medicines and expedites their entry into clinical trials. The reliability of testing models significantly influences the success of developing novel medication therapies, emphasizing the pivotal role of hepatocytes in this process.
Advancements in technology are progressively reducing the reliance on animal models, favoring increasingly in vivo-like systems. This trend is expected to drive the demand for primary hepatocytes in the foreseeable future.
The growing prevalence of cancer and the escalating demand for cancer therapy have spurred research involving primary hepatocytes. Personalized medicine, which offers tailored treatment options based on individual patient characteristics, relies on primary hepatocytes for the development of personalized medications. Consequently, the market for primary hepatocytes has witnessed parallel growth alongside the rise in demand for personalized therapeutics.
Liver transplantation remains the optimal treatment for hepatic illness caused by various factors such as viruses, oncogenes, medications, or surgical removal. However, the scarcity of suitable liver donors presents challenges in meeting medical demands. To address this issue, alternative options such as hepatocyte transplantation are being explored, driving immediate demand for primary hepatocytes and fostering market development.
Stringent regulations set by various regulatory bodies emphasize ensuring the well-being of animals used in experiments. These regulations, coupled with researchers' self-imposed limits, have led to an increased demand for in-vivo models, presenting opportunities for primary hepatocyte providers to meet these regulatory standards and cater to the growing market demand.
Despite the promising growth outlook, challenges persist in maintaining the demand for primary hepatocytes. Availability of other cell types for drug screening, along with the high risk of contamination and the intricate maintenance requirements of hepatocytes, pose constraints on market expansion. Additionally, the limited lifespan of freshly-isolated hepatocytes and the susceptibility to contamination hinder their widespread adoption.
Competitive Landscape: Leading providers such as Thermo Fisher Scientific, Corning Inc., Lonza, and others are strategically positioning themselves through alliances, product launches, patents, and acquisitions to capitalize on the burgeoning opportunities in the primary hepatocytes industry.
Key Segments Covered in Primary Hepatocytes Industry Survey